Panasonic, Sony and Fujifilm may acquire newly issued Olympus stock

Reuters reported that Olympus is going to issue new shares worth $1.28 billion (100 billion yen) in order to stabilize its finances after the recent reports of massive fraud inside the company. Panasonic, Sony and Fujifilm were listed as the companies interested to acquire portions of the shares:

"Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers..

Panasonic Corp may also acquire some of the stock, the Nikkei report said, with details of the new share issuance due to be finalized by next month."

Update: Reuters just reported that prosecutors raided Olympus' offices and the homes of former executives in Tokyo.